Economic Impact
The arms race at both sides of the border after the Argentine refusal of the decision of the Court of Arbitration caused huge costs for the economy of the countries, until after the Falklands War:
| 1976 | 1977 | 1978 | 1979 | 1980 | 1981 | |
|---|---|---|---|---|---|---|
| Chile | ||||||
| defense spending* | 487 | 566 | 713 | 951 | 1,128 | 949 |
| percentage of the GNP | 3.5 | 3.5 | 4.1 | 4.6 | 5.2 | |
| Argentina | ||||||
| defense spending* | 2,702 | 2,225 | 2,339 | 2,641 | 2,126 | 2,241 |
| percentage of the GNP | 2.2 | 2.0 | 2.3 | 2.5 | 2.0 |
Read more about this topic: Beagle Conflict
Famous quotes containing the words economic and/or impact:
“The labor of women in the house, certainly, enables men to produce more wealth than they otherwise could; and in this way women are economic factors in society. But so are horses.”
—Charlotte Perkins Gilman (1860–1935)
“The question confronting the Church today is not any longer whether the man in the street can grasp a religious message, but how to employ the communications media so as to let him have the full impact of the Gospel message.”
—Pope John Paul II (b. 1920)